Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Significant Growth in Short Interest

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 517,650 shares, a growth of 63.6% from the November 30th total of 316,338 shares. Based on an average daily volume of 854,573 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.0% of the shares of the company are short sold. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 854,573 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 11.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,750 shares of the company’s stock valued at $151,000 after buying an additional 479 shares during the period. Fermata Advisors LLC boosted its position in Schwab Long-Term U.S. Treasury ETF by 1.4% during the second quarter. Fermata Advisors LLC now owns 37,628 shares of the company’s stock valued at $1,200,000 after purchasing an additional 527 shares during the last quarter. Park Place Capital Corp grew its stake in Schwab Long-Term U.S. Treasury ETF by 176.9% in the second quarter. Park Place Capital Corp now owns 886 shares of the company’s stock valued at $28,000 after purchasing an additional 566 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 2.7% during the 2nd quarter. IFP Advisors Inc now owns 22,207 shares of the company’s stock worth $708,000 after purchasing an additional 582 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 16.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,440 shares of the company’s stock worth $143,000 after purchasing an additional 635 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Stock Performance

Schwab Long-Term U.S. Treasury ETF stock traded up $0.10 during midday trading on Monday, hitting $31.94. 1,307,947 shares of the stock were exchanged, compared to its average volume of 657,252. The company has a 50 day moving average price of $32.30 and a two-hundred day moving average price of $31.95. Schwab Long-Term U.S. Treasury ETF has a 1 year low of $30.24 and a 1 year high of $33.82.

About Schwab Long-Term U.S. Treasury ETF

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.